(latest stats released were in Dec. regarding Nov. 2025 numbers)
Market Summary:
“As we review 2025 and look ahead to 2026, the East Tennessee real estate market continues to recover. The market has stabilized nationally and locally, and the years of skyrocketing home prices are behind us. Continued interest in the East Tennessee region, stable assessments and a strong sale-to-list-price ratio indicate that local home values will hold up in 2026.
Single-family home sales this fall have been especially reactive to mortgage rates, and as of this writing the weekly average 30-year fixed rate has reached a 2 month low of 6.18%.”
- East Tennessee home sales rose 2.6% from November 2024.
- The median sale price was $365,000 — down 2.6% from the previous year.
- Total housing inventory has increased 16.2% from the previous year.
- Half of the homes sold were under contract in 35 days or less, up from 21 days a year ago.
- 38.7% of homes sold for the asking price or above, with 16.8% selling for more than the asking price. 5.7% sold for at least $10,000 over asking and 2.7% sold for at least $25,000 over asking price.
- The sale-to-list price ratio held steady at 98.5% – up from 96.8% a year ago.
- New construction rose to 13.6% of total home sales.
